PHILADELPHIA (CBS) – For the sixth consecutive week, gas prices at the pump went up. The national average for a gallon of regular is just a shade under $4.
The cost of crude oil dropped 10 percent to close out the week at about $97 per barrel. Lower crude oil prices will eventually drive down the cost of gas.
Tracy Noble with AAA Mid-Atlantic says don’t expect any dramatic changes right away.
“When we see prices start to increase at the pump, we are used to seeing one and two cent increases per day. It definitely will not come down that quickly.”
She says some experts believe we’ve seen the peak and that prices should come down even more as the summer goes on.
That’s good news for motorists who say they’re sick of using the bulk of their disposable income on gas.
“Life feels pinched and restricted. As gas prices come down, it frees up some possibilities of travel or doing other things,” said Noble.
Reported By Mike Dougherty, KYW Newsradio